Encumbered Cash definition

Encumbered Cash means (1) cash and Cash Equivalents, if any, that have been pledged as collateral to Comerica Bank under the Comerica Control Agreement and (2) cash and Cash Equivalents that have been pledged as collateral to PNC Bank under the PNC Control Agreement.

Encumbered Cash means all of the cash and securities encumbered by a restraining order issued by the District Court in the Criminal Case.

Encumbered Cash means all First Lien Encumbered Cash and Second Lien Encumbered Cash.

Examples of Encumbered Cash in a sentence

• In full and final satisfaction of all Allowed Term Loan Secured Claims, the Encumbered Cash shall be paid solely from the Encumbered Cash Reserve to holders of Allowed Term Loan Secured Claims until the Allowed Term Loan Secured Claims are paid in full, subject to the terms of the Intercreditor Agreement.

• In full and final satisfaction of all Allowed ABL Secured Claims, the Encumbered Cash shall be paid solely from the Encumbered Cash Reserve to holders of Allowed ABL Secured Claims until the Allowed ABL Secured Claims are paid in full, subject to the terms of the Intercreditor Agreement.

• For over twelve years, Archie had a critical role inthe siting, permitting, design and construction of the Wyoming– Jacksons Ferry, 765kV Transmission Line Project; the first 6 conductor bundle 765kV line in North America.Archie’s strong leadership skills, willingness to share his knowledge and experience, and continuous education of his staff and peers in the electric utility industry provide a strong basis for his selection as this year’s recipient.

• On the Effective Date, the Debtors shall fund the Liquidation Trust Claims Reserve, the Liquidation Trust Expense Reserve, the Encumbered Cash Reserve, and Professional Fee Claim Reserve, in full in Cash.

• All other distributions under the Plan, other than distributions on account of Beneficial Trust Interests, will be funded by the Liquidation Trust Claims Reserve, the Encumbered Cash Reserve or the Professional Fee Claims Reserve.

More Definitions of Encumbered Cash

Encumbered Cash means (a) any Cash (i) in which either the ABL Lenders or the Term Lenders have a valid, perfected security interest and (ii) which secures an Allowed ABL Claim or an Allowed Term Loan Claim, as applicable, and (b) the proceeds of any non- Cash collateral of the ABL Lenders or the Term Lenders, as applicable.

Encumbered Cash means any Cash (a) in which AG has a valid, perfected security interest and (b) which secures an Allowed AG Claim.

Encumbered Cash means any Cash held in the Prepetition Credit Parties Reserves.

Encumbered Cash means the Debtors’ Cash available to be distributed to the SCP Secured Parties in accordance with the Plan Recovery Analysis, but subject to the Dispute Resolution, in an amount that may be higher or lower than $56.2 million depending on the actual amount that the Debtors collected or will collect with respect to the line items listed below “Cash” in the “Asset Recovery” section of the Plan Recovery Analysis.

Encumbered Cash means any Cash (a) in which either the ABL Lenders or the Term Lenders have a valid, perfected security interest; (b) which secures an Allowed ABL Claim or an Allowed Term Loan Claim, as applicable; or (c) to which (i) Investcorp, as subrogee under the ABL L/C Agreement; or (ii) Investcorp Bank, as subrogee under the Term Loan L/C Agreement, may be entitled.

Encumbered Cash means Cash that cannot be dividended or otherwise distributed by an Acquired Entity due to Applicable Legal Requirements or that is subject to Tax (including withholding or other similar Tax) or any other adverse Tax consequences on the Buyer Group (including, in the case of any Acquired Entity that is owned directly or indirectly by any other Acquired Entity, any such Applicable Legal Requirements, Tax or other adverse Tax consequences resulting from distributions or dividends by such other Acquired Entity).

Encumbered Cash means all Cash of the Debtors that (a) does not constitute Unencumbered Assets and (b) constitutes Collateral, after the following amounts required to be paid under the Plan have been paid in full in Cash: (w) Administrative Expenses, (x) Priority Tax Claims, (y) Other Secured Claims, and (z) Other Priority Claims.